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SMAIO SA
SMAIO SA (ALSMA) investor relations material
SMAIO SA H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H2 2025 earnings summary14 Apr, 2026
Executive summary
Annual sales grew 67% year-over-year to €9.2m, driven by a 138% surge in US implant sales, now over 75% of total activity.
Gross margin rate improved by 14 points to 83%, reflecting strong US market momentum.
EBITDA loss reduced by 36% to -€0.8m, with net loss narrowing to €2.2m from €2.3m year-over-year.
Strategic focus on US market and complex surgeries, supported by new partnerships and product launches.
Financial highlights
Group sales reached €9.2m in 2025, up from €5.5m in 2024 (+67%).
US implant sales rose to €7.0m (+138%), accounting for the majority of revenue.
Gross margin increased to €7.6m, with margin rate at 83% versus 69% prior year.
Operating expenses rose 47% to €10.3m, reflecting higher commissions and R&D investment.
Net loss improved to -€2.2m from -€2.3m year-over-year.
Outlook and guidance
Plans to accelerate US market penetration, leveraging direct surgeon collaborations and the KEOPS-4ME platform.
KEOPS-4ME rollout and new partnerships expected to drive growth from H2 2026.
Continued investment in R&D to enhance product differentiation and technological leadership.
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Latest events from SMAIO SA
- H1 2024 revenue dropped to €2.2M, with US implant sales up and net loss at €1.2M.ALSMA
H1 202419 Mar 2026 - Revenue up, US sales strong, but net loss widens; NuVasive partnership ends, opening new deals.ALSMAH2 202419 Mar 2026
- Revenue up 126% to €5.0M, US sales drive growth, net loss narrows, and cash position strengthens.ALSMAH1 202519 Mar 2026
Next SMAIO SA earnings date
Q1 2026 TU12 May, 2026
SMAIO SA
Next SMAIO SA earnings date
Q1 2026 TU12 May, 2026
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